Tata Motors Ltd has announced in a BSE filing that Ralf Speth, Jaguar Land Rover Automotive Plc (JLR)’s Executive Director and Chief Executive Officer, will retire from his current role at the end of his contract term in September 2020.
In a BSE filing, N Chandrasekaran, Chairman of Tata Sons, said, “I want to thank Ralf for his passion and commitment over the Last 10 years. Ralf developed Jaguar Land Rover from a niche UK centric manufacturer to a respected, technological leading, global premium company. I am delighted that Ralf has agreed to maintain his relationship with JLR by becoming nonexecutive Vice Chairman. Ralf will also remain on the board of Tata Sons.”
A search committee has been formed which will work with me to identify a suitable successor in the coming months.
Speth said in the official statement that, “I feel very honoured to have worked with so many dedicated and creative people, both inside and outside of JLR. We have elevated Jaguar and Land Rover. I want to say thank you for all their support and commitment. We offer our customers multi-award-winning products and will continue to surprise with the best pipeline of new, innovative products we have ever had. Personally, I am Looking forward to new and exciting challenges”.
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